Notable Mover: What Next for Kratos Defense & Security Solutions, Inc Stock After Reaching 52-Week High?

Notable Mover: What Next for Kratos Defense & Security Solutions, Inc Stock After Reaching 52 Week High?

The stock of Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) hit a new 52-week high and has $7.71 target or 3.00% above today’s $7.49 share price. The 7 months bullish chart indicates low risk for the $552.45M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $7.71 price target is reached, the company will be worth $16.57 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.19 million shares traded hands or 33.81% up from the average. Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) has risen 34.81% since April 28, 2016 and is uptrending. It has outperformed by 28.88% the S&P500.

Analysts await Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) to report earnings on March, 9. They expect $-0.05 earnings per share, down 600.00% or $0.06 from last year’s $0.01 per share. After $0.01 actual earnings per share reported by Kratos Defense & Security Solutions, Inc for the previous quarter, Wall Street now forecasts -600.00% negative EPS growth.

According to Zacks Investment Research, “Kratos Defense & Security Solutions, Inc. is a specialized National Security Technology business providing mission critical products, services and solutions for United States National Security priorities. Kratos’ core capabilities are sophisticated engineering, manufacturing and system integration offerings for National Security platforms and programs.”

Insitutional Activity: The institutional sentiment increased to 1.36 in 2016 Q2. Its up 0.26, from 1.1 in 2016Q1. The ratio increased, as 14 funds sold all Kratos Defense & Security Solutions, Inc shares owned while 27 reduced positions. 14 funds bought stakes while 31 increased positions. They now own 28.01 million shares or 5.63% more from 26.52 million shares in 2016Q1.
Gp One Trading L P has invested 0% of its portfolio in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS). Cornerstone Capital Limited Liability Co last reported 0.01% of its portfolio in the stock. Spark holds 0.15% or 402,147 shares in its portfolio. Joel Isaacson & Llc accumulated 5 shares or 0% of the stock. Eqis Management, a California-based fund reported 55,899 shares. Voya Inv Mngmt Limited Liability Corporation has 25,749 shares for 0% of their US portfolio. Legal & General Group Public Ltd Company owns 8,327 shares or 0% of their US portfolio. Great West Life Assurance Can holds 0% or 11,200 shares in its portfolio. Morgan Stanley reported 29,471 shares or 0% of all its holdings. The Massachusetts-based Rhumbline Advisers has invested 0% in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS). Moreover, Teacher Retirement Of Texas has 0% invested in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) for 6,592 shares. Wells Fargo Mn holds 0% of its portfolio in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) for 36,714 shares. Bnp Paribas Arbitrage reported 1,808 shares or 0% of all its holdings. Fuller Thaler Asset Mngmt Inc owns 365,600 shares or 0.03% of their US portfolio. Stevens Cap Mgmt Limited Partnership holds 0% of its portfolio in Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) for 11,031 shares.

Insider Transactions: Since August 9, 2016, the stock had 8 buys, and 0 selling transactions for $6.63 million net activity. On Wednesday, August 10 HOGLUND WILLIAM A bought $279,465 worth of the stock or 50,000 shares. On Tuesday, August 9 the insider DEMARCO ERIC M bought $49,470. Another trade for 33,333 shares valued at $199,998 was bought by ANDERSON SCOTT I. The insider CARANO BANDEL L bought $5.00M. Judd Jane Elizabeth had bought 4,166 shares worth $24,996. Jarvis Scot B bought $150,000 worth of stock. The insider Lund Deanna H bought $39,996.

More notable recent Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) news were published by: Globenewswire.com which released: “Kratos Defense & Security Solutions, Inc. Announces Proposed Public Offering …” on November 17, 2016, also Fool.com with their article: “Why Kratos Defense & Security Solutions, Inc Stock Surged 58% Higher in August” published on September 08, 2016, Fool.com published: “Better Buy: Kratos Defense & Security Solutions, Inc. vs. Leidos” on July 22, 2016. More interesting news about Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS) were released by: Fool.com and their article: “Why Shares of Kratos Defense & Security Solutions, Inc. Popped 16.5% Today” published on July 11, 2016 as well as Fool.com‘s news article titled: “Why Shares of Kratos Defense & Security Solutions, Inc. Jumped 22% Today” with publication date: August 05, 2016.

KTOS Company Profile

Kratos Defense & Security Solutions, Inc., incorporated on July 7, 1997, offers various technologies, products and solutions focused on the United States and its allies’ national security. The Company’s divisions include Kratos Government Solutions (KGS), Unmanned Systems (US) and Public Safety & Security (PSS). The KGS segment includes the activities of Defense Rocket Support Services (DRSS), Microwave Electronics Division (ME), Technical and Training Solutions (TTS), and Modular Systems (MS), which provide technology defense solutions, involving services and products, primarily for the United States National Security priorities. The US segment includes its unmanned aerial, ground, seaborne and command, control and communications system business. The PSS segment provides independent integrated solutions for homeland security, public safety, critical infrastructure, and security and surveillance systems for government and commercial applications.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment